United Airlines parent UAL Corp. reported a third-quarter net loss of $779 million, reversed from a net profit of $334 million in the year-ago period, blaming the bulk of the result on a $519 million noncash net loss on fuel hedge contracts caused by the recent drop in oil prices. The net loss excluding the hedging losses and noncash accounting charges was $252 million. Chairman, President and CEO Glenn Tilton said that lower fuel prices will have "a significant positive impact" on earnings ...

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